Asia Pacific Airlines : steady growth in air passenger
TravelBiz News —
A total of 28 million international passengers flew with the Asia Pacific region’s carriers in April 2024 , representing a 32.0 percent increase compared to the same month last year, according to preliminary figures released by Kuala Lumpur based Association of Asia Pacific Airlines (AAPA).
The figures underscored strong demand for international passenger travel, with both business and leisure markets continuing to enjoy robust growth.
Traffic averaged 87.3% of 2019 volumes. Demand in revenue passenger kilometres (RPK) rose by 33.7% year-on-year, showing growth notably on longer haul routes. Available seat capacity grew by 30.4%, leading to a 2.1 percentage point increase in the average international passenger load factor to 81.6%.
Higher demand for consumer and intermediate goods, contributed to the ongoing positive momentum in air cargo markets. For the region’s carriers, international air cargo demand, as measured in freight tonne kilometres (FTK), recorded a 13.7% year-on-year growth in April.
“Improving economic sentiment, coupled with high demand on major routes connecting Asia and other regions, including Europe and Southwest Pacific, drove growth in long haul travel markets, while travel demand within the region remained buoyant, underpinned by the easing of visa policies and resilient expansion in the region’s economies. Overall, the number of international passengers carried rose by 51% to a total of 117 million for the first four months of the year,” said Subhas Menon, AAPA Director General .
29 May 2024
Photo by Cathay Pacific
